Tokio Marine Asset Management Co. Ltd. Lowers Stock Position in Amazon.com, Inc. $AMZN

Tokio Marine Asset Management Co. Ltd. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the third quarter, Holdings Channel.com reports. The fund owned 507,335 shares of the e-commerce giant’s stock after selling 6,098 shares during the quarter. Amazon.com accounts for approximately 4.0% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 4th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Amazon.com were worth $111,396,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Gill Capital Partners LLC lifted its stake in Amazon.com by 3.2% during the third quarter. Gill Capital Partners LLC now owns 9,710 shares of the e-commerce giant’s stock worth $2,132,000 after purchasing an additional 299 shares during the period. Yelin Lapidot Holdings Management Ltd. raised its holdings in shares of Amazon.com by 1.2% in the 3rd quarter. Yelin Lapidot Holdings Management Ltd. now owns 82,275 shares of the e-commerce giant’s stock worth $18,065,000 after buying an additional 970 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Amazon.com by 0.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,514,733 shares of the e-commerce giant’s stock worth $5,821,840,000 after buying an additional 159,658 shares during the period. Gradient Capital Advisors LLC boosted its stake in Amazon.com by 4.6% in the 3rd quarter. Gradient Capital Advisors LLC now owns 10,220 shares of the e-commerce giant’s stock valued at $2,244,000 after buying an additional 446 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in Amazon.com in the 3rd quarter valued at $23,463,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the transaction, the chief executive officer owned 505,934 shares of the company’s stock, valued at $117,993,927.48. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 79,734 shares of company stock valued at $18,534,017 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. JMP Securities set a $300.00 price objective on Amazon.com in a research note on Friday, October 31st. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 target price (up previously from $275.00) on shares of Amazon.com in a research report on Monday, January 5th. Susquehanna set a $300.00 price target on shares of Amazon.com and gave the company a “positive” rating in a report on Friday, October 31st. DA Davidson upped their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Amazon.com in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.91.

Amazon.com Price Performance

AMZN opened at $243.01 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The stock has a market capitalization of $2.60 trillion, a P/E ratio of 34.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. The company’s 50 day simple moving average is $232.64 and its 200-day simple moving average is $229.46. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Analyst upgrade — Oppenheimer raised its price target (to $315) and kept an outperform rating, supporting upside expectations for AMZN. Oppenheimer price target raise
• Positive Sentiment: Cost reduction & refocus — Amazon announced ~16,000 additional corporate job cuts (second round) intended to reduce bureaucracy and reallocate spend toward AI/data-center buildout; the market has cheered potential near-term margin relief. Reuters: Amazon cuts 16,000 jobs
• Neutral Sentiment: Grocery/retail pivot — Amazon is closing Amazon Fresh and Amazon Go stores and shifting focus to online grocery delivery and expanding Whole Foods conversions; this reduces ongoing retail losses but leaves execution and competitiveness vs. Walmart/Instacart in focus. Forbes: Amazon shifts grocery focus
• Neutral Sentiment: Legal settlement finalized — Amazon agreed to a roughly $309M consumer returns-settlement (already disclosed), a modest one-time cash hit relative to AMZN’s size. TechCrunch: $309M settlement
• Negative Sentiment: Execution and morale risk — a premature internal email leaked planned layoffs, highlighting communication missteps; repeated mass cuts (30k total since October) raise concerns about disruption, talent loss and uncertainty around AI execution. Reuters: misfired internal email
• Negative Sentiment: Product/experiment pullbacks — Amazon is winding down Amazon One (palm ID) and several physical-retail experiments, which signals failed initiatives and narrows future growth vectors in physical retail. Business Insider: Amazon One shutdown

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.